[131 Pages Report] Unidirectional Tapes (UD Tapes) Market was valued USD 145.3 million in 2017 and is projected to reach USD 316.3 million by 2023, at a CAGR of 13.79% during the forecast period. The market growth is driven by the rise in demand for UD tapes from end-use industries, such as aerospace & defense, automotive, and sports & leisure. The base year considered for the study is 2017, while the forecast period is 2018 to 2023.

Objectives of the study:

To analyze and forecast the size of the global UD tapes market, in terms of both value and volume

To analyze and forecast the size of the UD tapes market, in terms of both value and volume

To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market

To define, describe, and forecast the market on the basis of resin type, fiber type, and end-use industry

To analyze and forecast the UD tapes market on the basis of key regions, such as North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America

To strategically analyze the micromarkets with respect to individual growth trends, growth prospects, and their contribution to the overall market

To analyze the opportunities in the market for stakeholders and provide a competitive landscape of the market

Research Methodology:

Top-down and bottom-up approaches have been used to estimate and validate the size of the global market and various other dependent submarkets in the overall UD tapes market. The research study involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg, Chemical Weekly, Factiva, and other government and private websites to identify and collect information useful for the technical, market-oriented, and commercial study of the UD tapes market.

Some of the leading manufacturers of UD tapes include Royal TenCate N.V. (Netherlands), Cytec Solvay Group (US), SABIC (Saudi Arabia), Teijin Ltd. (Japan), Hexcel Corporation (US), and Evonik industries (Germany).

Key Target Audience:

UD Tapes Manufacturers

Raw Material Suppliers

Traders, Distributors, and Suppliers of UD Tapes

Regional Manufacturer Associations and Composites Associations

Government & Regional Agencies and Research Organizations

Investment Research Firms

Scope of the Report:

This research report categorizes the UD tapes market on the basis of fiber type, resin type, end-use industry, and region.

UD Tapes Market, On the Basis of Fiber Type:

Glass Fiber

Carbon Fiber

UD Tapes Market, On the Basis of Resin Type:

Thermoplastic

Thermoset

UD Tapes Market, On the Basis of End-use Industry:

Aerospace & Defense

Automotive

Sports & Leisure

UD Tapes Market, On the Basis of Region:

North America

Europe

APAC

Middle East & Africa

South America

The market is further analyzed for the key countries in each of these regions.

Available Customizations:

Along with the market data, MarketsandMarkets offers customizations according to a companys specific needs. The following customization options are available for the report:

Country-level Analysis:

Country-level analysis of varied end-use industries of UD tapes

Company Information:

Detailed analysis and profiling of additional market players

The unidirectional tapes (UD Tapes) market is estimated at USD 165.8 million in 2018 and is projected to reach USD 316.3 million by 2023, at a CAGR of 13.79%. The market is driven by the wide use of UD tapes in end-use industries, such as aerospace & defense, automotive, and sports & leisure.

Based on fiber, the glass fiber segment is estimated to account for the largest share of the UD tapes market in 2018. Glass fiber UD tapes are easy to process and manufacture as compared to carbon fiber, which are very difficult to process. Glass fiber-based UD tapes are preferable over carbon fiber UD tapes as they provide a quick and affordable way to build parts & molds and make repairs. Government regulations such as CAFΙ Standards in the US and carbon emission targets in Europe are putting pressure on automotive OEMs to incorporate lightweight materials to reduce the overall vehicle weight. Such factors are the key drivers for the glass fiber UD tapes market.

Thermoplastic UD tapes is expected to be the largest segment, by resin, during the forecast period. Thermoplastic UD tapes are used in a large number of industries, including aerospace & defense and sports & leisure. These are widely used in the aerospace & defense industry due to their toughness, high strength, moisture absorption resistance, high performance properties, and ability to survive under high temperature conditions.

Based on end-use industry, the aerospace & defense segment is estimated to account for the largest share of the UD tapes market in 2018. UD tapes are also used in aircraft seat frames as they help reduce the weight of aircraft seats by 30% in comparison to traditional aluminum frame seats. They are also used in lightweight sandwich panels for ultralight aircraft. According to Airbus, there will be a global increase in the aircraft demand; for 28,200 new built freighters and passenger aircraft between 2012 and 2031. This increased aircraft demand includes the demand from the developing markets, such as Asia Pacific, South America, and Africa. This will drive the demand for UD tapes in the aerospace & defense industry.

The North America UD tapes market is expected to witness strong growth in the next five years. The demand for lightweight, fuel-efficient aircraft is increasing, which will drive the demand for UD tapes in the aerospace & defense industry. The launch of new aircraft such as Boeing 777x and Chinas indigenously build aircraft Comac C919 is also expected to drive the demand for UD tapes in the near future. UD tapes are also used in lightweight sandwich panels for ultralight aircraft. These factors will drive the demand for UD tapes.

North America accounts for a major share of the overall UD tapes market. Major factors driving the growth of the North America UD tapes market include the high demand for UD tapes in the US and Canada. This is due to the growing demand for UD tapes in commercial passenger aircraft. They are used in the manufacturing of Airbus A380 and Boeing 787 aircraft. According to Boeing, there will be 7,290 airplane deliveries between 2014 and 2033 in North America. Bombardier (Canada) has projected that North America will be the largest market, in terms of new commercial aircraft deliveries, with 3,650 aircraft deliveries between 2014 and 2033. This increase in demand for aircraft will contribute to the growth of the UD tapes market.

However, the difficulty in recycling glass fiber is a restraining factor, especially in the automotive sector where the pressure to recycle is high.

Key players operating in the texture paint market include Royal TenCate N.V. (Netherlands), Cytec Solvay Group (US), SABIC (Saudi Arabia), Teijin Ltd. (Japan), Hexcel Corporation (US), and Evonik industries (Germany). Diverse product portfolios, strategically positioned R&D centers, continuous adoption of developmental strategies, and technological advancements are the factors strengthening the market position of these companies. These companies have adopted various organic and inorganic growth strategies to enhance their current market share in the UD tapes market.

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